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Lotus won’t be sold – Bahar suspended over expenses

Lotus owners Proton have said that Lotus is not up for sale and reports say Lotus CEO Dany Bahar has been suspended over his expenses. There’s been a lot of show and not much real go since Dany Bahar took over at Lotus. Grandiose plans launch a whole range of supercars from a small niche manufacturer in the flatlands of Norfolk was always a strange call, and the sort of bills loss-making Lotus seems to be meeting make, on the face of it, little commercial sense.

UK Government cuts car aid, EV grants at risk

By Tim Pollard Motor Industry 30 June 2010 15:48 Britain's business secretary Vince Cable today fired a warning shot across the bows of the car industry, saying that subsidies would end and warning that the pledged £5000 subsidy off the first electric cars was in peril.'Our starting point is very clear,' he told delegates at an automotive summit arranged by the Society of Motor Manufacturers and Traders. 'We've moved on from the era of subsidies. We just have to be realistic about what's affordable.'Cable said the new coalition Conservative-Liberal Government had not yet decided whether or how to implement the new low-carbon vehicle subsidies promised under Labour, which had set aside £250m in initial funding.'It is still actively under consideration,' said Cable.

Porsche 918 Spyder: New specs and new photos

The Porsche 918 Spyder specification have been revealed Porsche has tried to keep weight in check on the 918 Spyder, but having a big, heavy electric hybrid setup on board hasn’t made that easy, and nor has making that setup 4WD. So Porsche has built the monocoque chassis from carbon fibre reinforced polymer to keep weight in check, despite which the 918 Spyder still comes in at a weighty 1640kg, even in ‘Weissach’ trim (more in standard guise). So Poprsche has had to be clever about the way they use the power they have on offer.